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The meme coin revolution is picking up steam, and Solana is at the heart of it. With the recent debut of Raydium’s LaunchLab, a new contender has entered the arena, setting the stage for a dynamic rivalry with the well-established Pump.fun. Could we be witnessing the next big shake-up in crypto token launches?
Raydium LaunchLab Hits the Ground Running
Raydium, a key player in the Solana DeFi ecosystem, officially launched its LaunchLab on April 17, 2025. In just five days, the platform generated 3,787 meme tokens, with a graduation rate of 1.14% a metric representing tokens that reach 85 SOL in liquidity and qualify for trading on Raydium’s AMM (Automated Market Maker).
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This early performance puts LaunchLab slightly ahead of Pump.fun’s 1.13% average graduation rate. While the difference is marginal, it’s a noteworthy feat considering LaunchLab’s newcomer status.
Pump.fun Still Reigns Supreme for Now
Despite LaunchLab’s promising start, Pump.fun remains the dominant force in meme coin creation. Since its inception, Pump.fun has nurtured a robust community and launched over 600,000 tokens including more than 100,000 tokens in January 2025 alone.
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Pump.fun’s simple model, transparent rules, and first-mover advantage make it the go-to launchpad for many aspiring meme coin creators. Its graduation mechanism also based on an 85 SOL threshold has helped filter out low-effort projects while encouraging creators to build community support.
Other Contenders Lag Behind
While LaunchLab and Pump.fun battle it out on Solana, alternative launchpads on other blockchains are struggling to gain traction:
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SunPump (on Tron) created just 8 tokens in a day.
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Dgen.fun (on Aptos) generated 21 tokens during the same period.
These platforms face several challenges: smaller communities, less developer activity, and lower meme coin interest on their respective blockchains. Even with big names like Justin Sun backing SunPump, Tron has yet to become a significant player in the meme coin scene.
What Makes LaunchLab Stand Out?
Raydium’s LaunchLab isn’t just a copy-paste competitor. It brings unique advantages that could tip the scales in its favor:
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Free Token Creation: Unlike some platforms that charge for token launches, LaunchLab is completely free to use.
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Custom Bonding Curves: Creators can define token economics with more flexibility.
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Zero Migration Fees: Tokens reaching the graduation threshold are seamlessly migrated to Raydium’s AMM for instant liquidity.
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1% Transaction Fee: Of this, 25% goes toward buying back RAY tokens, potentially boosting its native token’s value over time.
Following the LaunchLab’s launch, the RAY token saw a near 15% price spike, peaking at $2.41 before stabilizing around $2.21. This shows strong market enthusiasm, though sustained growth will depend on LaunchLab’s ability to improve its conversion rates and attract new creators.
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A Battle of Ecosystems and Innovation
At its core, this rivalry is about more than just token count. It’s a contest of ecosystems Solana’s speed and affordability make it ideal for meme coin experimentation, and both LaunchLab and Pump.fun are capitalizing on that.
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Pump.fun has the upper hand in terms of community, simplicity, and token volume.
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LaunchLab, backed by Raydium’s infrastructure, brings deeper DeFi integration and a more developer-friendly approach.
As LaunchLab matures, we can expect both platforms to innovate rapidly, offering new features, incentives, and ways for creators and communities to interact.
Final Thoughts: The Meme Coin Boom Is Just Getting Started
Whether you’re a meme coin enthusiast, a curious crypto investor, or a developer looking for the next big trend, the battle between LaunchLab and Pump.fun is one to watch. While Pump.fun currently leads the pack, LaunchLab has shown it has the potential to challenge that dominance—especially with Raydium’s AMM and the Solana ecosystem behind it.
As competition fuels innovation, users stand to benefit from better tools, lower fees, and more opportunities in the rapidly evolving world of decentralized token creation.
Keep an eye on this space Solana’s meme coin factory war is far from over.
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